CAI-NJ May 2017

M A Y , 2 0 1 7

xecuting energy efficiency projects can be expen-

sive. High efficiency equipment costs more than stan-

dard efficiency equipment, construction takes time

and costs money, and sometimes it just doesn’t seem worth

it. Wouldn’t it be nice if you could execute an energy effi-

cient project and get paid to do it? The New Jersey Clean

Energy Program (NJCEP) is here to help. The NJCEP has a

multitude of energy efficiency project incentive and rebate

programs which are available to subsidize the costs of

executing energy efficiency projects. Large or small, there

is always something to be recovered.

The NJCEP currently offers the following major programs,

which are all available to qualifying customers for a variety

of energy efficiency projects:

Pay for Performance (P4P)

P4P is a holistic building savings program for new construc-

tion and existing buildings with an annual peak demand of

200 kW or more. With a maximum available incentive of

$2 million per project, the P4P program offers the highest

incentive of any NJCEP program currently available to most

customers. In order to qualify for P4P, your energy efficiency

project must yield 15% or higher source energy savings,

and you will need to retain the services of a state approved

P4P partner like Energy Squared. Incentives for this program

NJ CLEAN ENERGY PROGRAM:

Save Energy, Save Money,

and Get Paid To Do It

By Ben Rosenzweig,

Energy Squared, LLC

are issued in three phases and

are limited by facility square foot-

age, overall project cost, and actual

source energy savings.

Direct Install (DI)

The DI program is targeted towards commercial users with

annual peak demand of less than 200 kW, annually. DI

covers 70% of overall project cost, leaving only 30% of the

cost for you to pay. Under this program, the NJCEP-appointed

manager in your area will conduct a facility energy audit and

recommend a menu of available energy efficiency projects.

Following the audit and selection of projects, the NJCEP-

approved installation contractor in your region will execute the

projects and aid in rebate and incentive capture.

SmartStart Bulidings

The SmartStart Buildings program provides incentives

for most retrofit and renovations projects. Certain new

construction projects are

also covered. This

program covers

nearly all ener-

gy consuming

e q u i pme n t ,

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